Gold futures came off three-week highs and settled lower on Wednesday, as the U.S. dollar rebounded and bond yields surged higher amid slightly fading hopes about a less-aggressive monetary policy stance by the Federal Reserve.
The dollar had tumbled in recent sessions after weaker than expected manufacturing data and construction spending report raised hopes the Fed will be less hawkish in its policy stance.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.